Organizational knowledge management according to the Nonaka model to achieve a sustainable competitive advantage in Libyan oil fields (challenges and ways to develop)

Knowledge is becoming the most key successful factor globalized economy in the modern world of knowledge-driven social structure. This has to be implemented and used successfully and effectively to succeed in the world economy by building a sustainable competitive advantage for the company. In recent times, the oil and gas sector has undergone dramatic improvements in all its industries, like exploration, supply, fracking, and production, which, besides, have had a huge effect on its business and marketing strategy, strategic initiatives, and production and innovation strategy. Following up with changes could only be accomplished by efficient knowledge management, including both information creation and development, and knowledge exchange or transition and delivery. This research provided a clear idea of strategic planning and investigates the advantages of the oil and gas industry to participate in the execution of knowledge management. It also sets out strategic planning in the enhancement of the oil and gas industry, which must be considered as being one of the critical success factors throughout the execution of knowledge management. The study focuses on evaluating the sustainability of the oil and gas industry using Nonaka’s framework by addresses systematic literature conclusions regarding possible stability and solutions to strategic decision-making. The study also discusses with an explanation of the oil and gas industry and progresses with an analysis of its competitive advantages with consequences for new companies considering innovation within the industry